Richmond Palladium (Daily), 12 January 1904 — Page 1

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) WEEKLY ESTABLISHED 1881. DAILY jESTABLISHE U 1876. RICHMOND ' DAILY PALLADIUM, TUESDAY, JANUARY 12, 1904. ONE CENT A COPY.

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PRESIDENT LOREE . Al W. B. LEEDS

ALL FACTIONS ARE UNITED AND ALL ARE PULLING TOGETHER TO BETTER THE SYSTEM Loree is in Pull Command A Large Bond Issue to Meet Obligations New York, Jan. 9. The three large interests , represented in the Rock Island and which hitherto have not been in full accord regarding policy of management, have been harmonized completely in a comprehensive plan of reorganization and refinancing. The three interests which are now pulling together with a view of making the 18,000-mile railroad system the greatest and best in the West are represented by the Moore Brothers, W. 15. Leeds, K. F. Yoakum, president of the Frisco, and R. R. Cable, who until recently was chairman of executive committee of the Rock Island." The coming bond issue which will be authorized to the amount of $150,000,000, meets the approval of all the men named, as does the scheme for reorganization which President L. F. Loree is expected to carry out. The main details of the bond issue were learned today although it has not not been settled definitely what kind of bonds will be issued. Of the entire amount, $60,000,000 will be devoted to retiring the bonds of the Rock Isand system, proper, as they come tlue for the next twenty-five years. All the immediate issue that will be necessary wil be to take caie of the bonds which will fall due within the next two or rthee years, and which aggregate between $10,000,000 and $112,000,000. It is understood that these bonds already have been contracted for by Speyer & Co. . The Chicago, Rock Island and Pacific Railway Company has during the past decade advanced $45,000,000 cash for construction purposes and for the acquisition of new equipment. There are 900 miles of road belonging to the company against which there is no mortgage. The company is to ha reimbursed for these advances by a bond issue for the amount stated. In this issue the stockholders will, as a matter of course, have valuable rights and the bonds will not be put on the market. The railroads interested in the plan thus far outlined are only those comprised in the Rock Island System and represented by the Hock Island Company of New Jersey as a holding company. These roads are: (Ticago, Rock Island and Pacific Railway, Choctaw, Oklahoma and Gulf. Chicago. Rock Islr.nd and Texa, Chicago. Rock Island and Mexico, Chicago, Rock Island and VA Paso, a in! ho Clu.M-laV, Oklahoma and road. " !-: Frisco system nKo is represented in the refining scheme to the c Vi :i C: .-.. p)jptoyoh i lu amount t a Roe Island Kid is-u Ii was made in connection with ptnY-hrsr of Frisco stock and is held as collateral scenrity vhh-k lor t; IT - .' I v ("::! bonds, ar-d ; to bo ' ilv.f. !:o i otal 1 , art.o.nifhtg to ,f 125,000,000 represent ; bout nil the mniii items which haw been provided for in the agree- ''! remainder ofthe authorized jn wliich under iw present plan will he $150,000,000, will be held in the treasury as a sinking fund, against which the Rock Island system may draw for at least thirty years to come or during the entire time in which the bonds to' be refunded are coming due and are being retired. This sinking fund, amounting to an authorized, issue of ,25,000,000, will be subject to actual issue to provide for improvements and additions to the property and for the acquisition of new railroads when desired. The reorganization scheme which is planned in connection with the bond

issue is said to be comprehensive, but does not necessarily mean the retirement of high officials who bave proved competent. On t the contrary, it may mean the advancement of several. It is the purpose to physically reorganize the system and group it so that it can be operated to better advantage. A reorganization of - the departments will be made so that each will have a responsible head, and all heads Avill report to President Loree. The latter is to become the president of all Rock Island companies, including the Frisco and Eastern Illinois.

GOT. BUSHIELL CRITICALLY ILL STRICKEN WITH APOPLEXY WHILE IN A CAB ON THE WAY TO THE DEPOT. TO RETURN TO 1 SPRINGFIELD He is Conscious Today and Better Able to Talk, But Still Critically 111. (By Associated Press.) Columbus, O., Jan. 12. Ex-Governor Asa Bushnell, who was stricken with apoplexy yesterday evening while in a cab going to the depot tc return to Springfield, is reported to be slightly better this morning. He is conscious and is better able to talk and has more control of himself. His condition, however, is still critical. Columbus, O., Jan. 12. Ex-Governor Asa Bushnell suffered a second storke of apoplexy shortly before 1C o'clock today. His condition is critical. RHODES GOES TO PENITENTIARY WAS IN POLICE COURT YES TERDAY MORNING ON A CHARGE PETIT LARCENY ROBBED RESTAURANT This Morning He Plead Guilty in Circuit Court and Was Sentenced. Thomas Rhods, who was yesterday ;') over to circuit court or: a charge of petit larceny, hav'ng stolen twelve dollars f rom the tiu at the f City Resfaimmt,. This mornim' he i was brought before Judge Fox, where ho throw himso! f on the wore of tho f '-onrt and plead guilty. Judge Fox j son fenced him from one. to three ! years in the state prison al Michigan M'ify, where lie will be taken in a I short time. 1 Marriage Licenses. I County Clerk Haas issued the folS lowing re-rripoe licenses: Timothy Charles Harrington and Clara Fli.abeth Luken, this city. John F. Rroadstone of Hartman, O., and Margaret Brown, of Ilagerstown, Ind. Shiveley & Shiveley have filed the suit of Mary J. Duffee vs. Floyd W. E. Duffee, for partition. The jury has been excused until Thursday when the East vs. Wayne Works case comes up. WHEAT UP ONE CENT. (By Associated Press.) Chicago, Jan. 12. War tension today caused an advance of one cent in the price of wheat.

THE HONORABLE E. P. THAYER

Elected Chairman of the

At the Convention Held at Connersville Today Ringing . Resolutions.

(Special to Palladium.) Connersville, Ind., Jan. 12. Early this morning Republican clans began to gather from all points in the sixth district, and, by the time for the Republican convention to convene, there were delegates ''to burn." The meeting was called to order at the usual time and the Hon. Edgar O'Hare was made temporary chairman. Mr. O'Hare thanked the assemblage for the privilege of presiding over the deliberations of such r body of representative men, and proceeded with the business of the meeting. The first business of the meeting was the election of a chairman for the sixth district, and that particular part of the business was summarily dispatched by the nomination and election of Col. E. P. Thayer. This Avas done bv acclamation. FOR THE ENSUING YEARTHERE IS VERY LITTLE CHANGE IN THE DIRECTORY The Year Just Closed a Prosperous One For All of Them. All of the banks in the city elected officers today, and all report a good, healthy financial condition. Following is the result of the election: First National. President June W. Gayle. First Vice President J. M. Crawford. Second Vice President John L. Rupe. Cashier C. R. DuIIadway. Directors L. C. BoA'd, J. M. Crawford, C. R. DuIIadway, William Dudley Foulke, June W. Gayle, Daniel Moss, James W. Morrisson, John L. Rupe and S. E. Swayne. Second National. President John B. Dougan. - Vice President D. G. Reid. Cashier S. W. Gaar. .Assistant Cashier Gcorsrc II. IV remoter. Directors John B. Doutran, D. G. Reid, S. W. Gaar, Chas II. Land, Howard Campbell, S. S. Sh-attan, jr., C. A. Gaar, C. W. Elmer Vand George II. Kggcmeyer. Union National. Pros! dent -George L. Cates. Vice President M. C. Ilonlev. Co.--.h-t E. IF. Cat os. F: '-! rs-Elg.ir G. ITibbord, M rboiley, D. G. Reid. George L. Cafes, .Allen M. If rsI. M. U,h n our no-1 Ik if. CvA nilATHS AKD FUIIERALS. ' trzzton. The funeral .of Mr?. Rnfh nu Eds-erf on will be from her

RICHMOND BANKS ELECT OFFICERS

laf" 1 do'" Wednesday morning at 8 oVo'-k. Short services will bo held, aflf i ieh she will he taken to Arba to the Friends' church at 11 o'clock, where regular services will he held. Interment at Arba cemetery. Duning Wilhert F., infant son of Mr. and Mrs. Henry J. Duning, died this morning at the home of his parents, Xo. ()0j south ninth street. The funeral will take place tomorrow afternoon at 2:30 (sun time) from the home, Rev. Albert J. Feeger officiating, and will be private. Interment at Lutherania cemetery. Smith. The funeral of Margaret Smith will take place tomorrow afternoon at 2 o'clock from' the home (Continued on fourth page.)

Sixth Congressional District

Harry C. Starr, of this city, chairamn of the committee on resolution? read the report of the committee tf the convention. The report praised the administration of President Roosevelt, the excellent services of our senior and junior senators, and the praiseworthy work of our own congressman, Hon. J ames E. Watson. The "resolutions were an eloquent eulogy on present day Republicanism. The report of the committee was loudly cheered. ' The convention was one of the most harmonious ever held, and the meeting adjourned amid a tumult of applause. A Surprise. One of the surprises at the convention was the withdrawal of Rev Otho Williams as a candidate foi congress. This leaves the field clear for the present incumbent, Hon. James E. Watson. THE INDIANA 'STATE FAIR MAY BE ABANDONED THIS YEAR FOR ST. LOUIS EXPOSITION AGRICULTURAL BOARD Members Think it Would Be Wise to Abandon Almost Certain Losing Enterprise Unless Financial Aid is Given. Indianapolis, Ind., Jan. 12. From present indications there will be no Indiana State Fair this year as the plan is to abandon the fair in favor of the St. Louis exposition which will be held all summer. ' The state board of agriculture which will have final jurisdiction of the matter will not decide definitely whether or not there will be a state fair until its meeting in February. At that time the question will probaIbly be settled once for all. The im pression prevails among members of the board that it will be the wisest course to call off the state fair. Members of the state board of agriculture are taking the liveliest interest in the ai-rangements beLie made for an excellent exhibit of Indiana farm products at the St. Louis exposition. They are willing to give every aid possible- to the Indiana World's Fair commission in the matter and if calling off the state fair will .induce farmers to send exhibits to St. Louis wiio otherwise would -not do so the board members are rcadv ! to rail off their nv:cti:v. That (here will be better exhibits rdong all agricultural lines if there is no state fair is generally conceded. It wiil bo a great expense on farmers to s'nid exhibits. to both institution. As the St. bonis expos ition will bo the bi-'ost thin of the kind ever held all loyal IToosiors imt-nrally are urging thnt nothing should be left undone to make the Indiana exhibits . there the best that the state can produce.. There is imi ndditionaol reason too for postponing the state fair a year and that is that a better opportunity may be given Indiana people to visit the great western exposition. That t lie world's fair will offer, great educational advantages is not denied. Members of the state 'board of agriculture as well as other citizens believe that it will be advantageous for as many of the people as possible to tro to the exposition. If there is no state fair thousands of visitors will ro to St. Louis who otherwise might neglect to do so, preferring to attend the state fair.

There are still other reasons which will have a great deal to do with influencing the board of agriculture in its decision. This is the question of finances. The state fairs haVe generally-proved to be money losing rather than money making affairs. Members of the board fear that if a fair-is attempted this year it will lose hopelessly unless some guarantee fund is raised. The attendance is sure to be cut into deeply by the St. Louis exposition. Few farmers will feel that they

(Continued on 4th page.) a Mi m OF BRICK CITY ENGINEER WEBER HAS SAMPLES ON EXHIBITION AT THE CITY BUILDING Made Out of Shale Taken From C. C. & L. Right of Way. As nice a brick as we ever saw is on exhibition at the office of City Engineer Weber. It is made of shale taken from the C. C. & L. right of way. The briek is a dull red in color and as smooth as glass. It is made by the American Clay-Working Machinery Co., of Cincinnati. The briek would make a fine terra cotta roofing. It is understood a company will be organized to manufacture the brick and parties in this city will be given an opportunity to invest. SEVEN IILLIOH DOLLARS -BOND TAKEN UP BY HARVEY FISK & SONS OF NEW YORK AT PREMIUM OF $107,557 To Be Paid Philippine Government For Purchase of Friars' Lands. , Washington ,D. C, Jan. 12. The war department today accepted the proposal of Harvey Fiske & Sons, of Xew York representing Fiske & Robinson and National City Bank of New York, for the entire seven million dollars bond issue of the Philippine Government for the purchase of the Friars' lands at $107,557. i N M (J hi From Russia That U. Sv May Enjoy Privileges iw Manchuria Washington, D. C, Jan. 12. The state department announces that the Knssian ambassador lias conveyed to the secretary o state the assurance of his government that Russian authorities would place no obstacle in the way o the full enjoyment by the powers having treaties with China of all rights and privileges guaranteed bv such treaties in Manchuria. CIVIL i Clarksburg; W. Va., Jan. 12. An organization of teamsters of the civil Avar, who were not enlisted men, will send a petition to congress for a pension of not lass than $10 a month.

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FOB RICHMOND NOTHING TO PREVENT THIS CITY FROM SECURING THE SHOPS. N HANDS COMMERCIAL CLUB The Palladium Started the Ball a Rolling Some Time s Ago. T That some city along the line of the proposed Columbus, Greensburg & Richmond Traction company's road will secure the car shops of the Holland Palace Car company goes without saying, and there is no reason under the sun why Richmond should not land the prize. Over a week ago the ? Palladium made exclusive mention that these shops could be secured for this city if a little effort was made, and we referred the matter to the officers of the Commercial club to take the matter up with the president of the company in the interest of this city. In 'order to show there is interest in this matter elsewhere we reprint the following dispatch from Columbus : "Columbus, Ind., Jan. 11. There is a report in circulation all along the line of the proposed Columbus, Greensburg & Richmond Traction company that the Holland Palace Car company, of Indianapolis, will locate its factory in Columbus, Greensburg, Connersville or Richmond. "The papers in these various cities are agitating the question of building a factory for the company, "an! the various commercial clubs are doing some tall hustling toward securing the factory. II. F. Holland, the inventor of the car and president of the company, is vice president of the C. G. &-R, "Traction company. It is the intention of the new traction com: pany to join with the Appleyard syndicate and run interurban sleeping cars from this city to points in Ohio. "It is probable that if the line is built one of the cities named above will secure the sleeping-car factory and this city will make a bid for it, aloncr with the others." HOB FRIENDLESS Officers For the Institution Elected. The board of trustees held a meeting and elected the. following ofiicers for the ensuing year: President Rev. C. Huber. Secretary Reuben Myrick. Treasurer George II. Knollenberg. fib! ! Mi i ilUUliiijii 1 1 Persons Injured by Falling During Icy Weather. Rusell Gaar, the young son of Mr. andMrs. Clem Gaar, had a rib fractured yesterday morning while coasting on the hill on north B street, between fourteenth and fifteenth streets. Adam Drifmeycr, the aged tobacconist of west Main street, while going from his home on south eighth street, fell on the ice and dislocated his shoulder. A physician was called and the injury attended to. He is resting very comfortably at present. Adam Drifmeycr, the aged tobacconist, who resides at 48 south eighth street, fell through a trap door at his cigar store, on west Main street, 'yesterday, dislocating his shoulder. A physician was called and the injury attended to. He is resting verv comfortably at present. The Knights of the Golden Eagle will have installation tomorrow night. A full attendance, is desired.